Ark Restaurants (NASDAQ:ARKR) Releases Quarterly Earnings Results

Ark Restaurants (NASDAQ:ARKR) issued its quarterly earnings results on Monday. The restaurant operator reported ($0.10) earnings per share for the quarter, Zacks reports. Ark Restaurants had a negative return on equity of 8.49% and a negative net margin of 3.97%.

Ark Restaurants Trading Up 4.3%

ARKR opened at $5.85 on Tuesday. The firm has a market cap of $21.12 million, a price-to-earnings ratio of -3.36 and a beta of 0.35. The company has a current ratio of 0.88, a quick ratio of 0.78 and a debt-to-equity ratio of 0.22. Ark Restaurants has a 12 month low of $5.58 and a 12 month high of $9.50. The stock has a fifty day moving average price of $5.95 and a 200-day moving average price of $6.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ark Restaurants in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ark Restaurants presently has an average rating of “Sell”.

Hedge Funds Weigh In On Ark Restaurants

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in Ark Restaurants by 8.1% in the first quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 1,674 shares in the last quarter. Nokomis Capital L.L.C. acquired a new stake in Ark Restaurants in the third quarter valued at approximately $148,000. Finally, Susquehanna International Group LLP purchased a new position in Ark Restaurants in the third quarter worth $137,000. Hedge funds and other institutional investors own 31.95% of the company’s stock.

Ark Restaurants Company Profile

Ark Restaurants Corp., traded on NASDAQ under the ticker ARKR, is a Boca Raton, Florida–based restaurant operator. The company owns and manages a portfolio of casual and upscale dining venues that feature Cuban-inspired menus, full-service bars and live entertainment. Its concepts emphasize traditional Latin flavors paired with modern culinary techniques to appeal to a broad range of diners.

Ark Restaurants serves both on-premise and off-premise customers, offering dine-in seating, take-out, delivery and catering services.